History

The California State University, Fresno Foundation was formed in 1931 to provide services
in support of the California State University, Fresno mission and goals. Governed
by a Board of Governors, the Foundation is managed by an Executive Director. The Board
of Governors includes a representative from the University’s administration and local
community representatives.

While an integral part of the University, the Foundation is a private, non-profit
501 (c)(3) corporation that serves as a contracting agent for the University. The
purpose of the Foundation is to provide assistance to faculty and staff with the administration
of grants, contracts and trust accounts.

The Foundation is legally and financially responsible for compliance with, and fulfillment
of, any contract it enters into on the behalf of California State University, Fresno.
Accordingly, the Foundation must operate within the guidelines, rules, and regulations
of the California State Board of Trustees, Office of the Chancellor, and be in compliance
with federal and state laws. When applicable the Foundation follows the federal OMB circulars A-21, A-110 and A-133
regulations. The Foundation is audited annually by independent auditors who report their findings
to the Foundation Board of Governors, the President of California State University,
Fresno and the California State University, Board of Trustees.

Functions

Acts as liaison between project directors and the contracting agencies

Assists with the budget, contract interpretations, and follow-up in resolving discrepancies

Provides fiscal/accounting services and monthly reports of activity and balances to
Project Director